Bids » Bid Bond

Bid Bond

WHAT IS A BID BOND?  Submitted as part of the bidding documents, a bid bond guarantees to the project owner that the contractor

  • can comply with the bid contract and can accomplish the job as laid out in the contract;
  • has the capability to take on and implement the project once selected during the bidding process; and
  • is financially stable and has the necessary resources to take on the project.